Jammu, July 13 (UNI) To execute more than 130 projects, NABARD has sanctioned Rs 462 crores during the year 2019-2020 in Jammu and Kashmir.
“In the midst of the ongoing pandemic, NABARD is stepped into its 39 years of formation on July 12 and it is time to look back at the progress we have made during the last few years,” R K Srivastava, who took over as new Chief General Manager of NABARD, J&K here said on Monday in a handout.
He said that NABARD has sanctioned Rs 462 crore for execution of 139 projects during 2019-20, said Mr Srivastava.
He said that as on March 31 this year, cumulatively 3785 projects are sanctioned with RIDF loan of Rs 6821.27 crore.
“These projects will cover 15537 km of road length, 12814 meters of bridge length, construction of 1400 school rooms, 80 veterinary hospital etc,” said the new CGM adding that a population of around 15 lakh benefited from WSS projects.
NABARD also supported the banks operating in UT with refinancing assistance of Rs 152 crore during 2019-20 for meeting the crop loan requirements and agri-term loan activity like dairy, poultry, sheep husbandry, he said adding that J&K Gramin Bank was our major partner and NABARD has also promoted 17 FPOs since the inception of FPO concept in the UTs of J&K and Ladakh benefitting 2300 farmers.
NABARD has also promoted the first Of Farm Farmer Producer Organization (OFPO) named as Shehar Carpet Producers Company with a membership of 300 weavers in Baramulla and Bandipora districts of Kashmir, he added.
The CGM said that the first-ever watershed project of J&K UT covering 1003 ha in seven villages in Kathar Rajool Panchayat of Samba district was implemented successfully.
“The project outcomes are increased water availability, crop productivity and a significant increase in milk production,” he added and said that one more watershed project is under implementation in Channi Mansar area of Udhampur district.
NABARD also provided support to Commercial Banks, Cooperatives and RRBs and India Post payment bank for furthering financial inclusion through different schemes viz Mobile VAN, PoS, Financial Literary Programme during the year 2019-20, he asserted.
In order to commemorate the foundation day NABARD has sanctioned six projects viz. three demonstration vans and 434 Financial Literacy programme to J&K Grameen Bank, formulation of 100 JLGs to VOESEP, Anantnag, Skill Development Programme on Aariand Embroidery to VOESEP, Eshakti digitization of SHGs in Udhampur and Samba districts.
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